BUSINESS
Market sees MPC’s rate pause as pivot despite RBI Governor Shaktikanta Das’ efforts
Markets will always try to second-guess policymakers. So it is no surprise the Monetary Policy Committee's decision to leave the repo rate unchanged at 6.5 percent on April 6 is being seen as the end of the rate hike cycle, even though Reserve Bank of India Governor Shaktikanta Das stressed it should not be interpreted as such
BUSINESS
RBI Policy: Inflation forecasts little changed despite big drop in oil price assumption
RBI policy meet: The RBI's latest inflation forecast assumes a crude oil price of $85 a barrel, down from $95 in February
BUSINESS
In Charts: Key data movement since RBI's February 8 monetary policy decision
India's central bank considers various economic indicators before deciding the interest rate. How have some of these data points moved since the Monetary Policy Committee last met?
BUSINESS
Case for MPC to pause exists amid calls for one final repo rate hike
The Reserve Bank of India's rate-setting panel is set to announce its interest rate decision on April 6. And whatever it decides, it would set the tone for the next several meetings
BUSINESS
Firms' inflation expectations fell to 4.53% in February, IIM survey shows
Inflation expectations are keenly eyed by policymakers as anchoring them is critical to ensuring price stability
BUSINESS
Worst of CAD behind India as economists cut forecasts after positive Q3 data
India's current account deficit narrowed more-than-expected to $18.2 billion in the last quarter of 2022
BUSINESS
Fiscal deficit widens to 83% of FY23 target at Rs 14.54 lakh crore
The Central government has set itself a revised fiscal deficit target of Rs 17.55 lakh crore for the current financial year. However, as a percentage of the GDP, the full-year target remains at 6.4 percent.
BUSINESS
Current account deficit shrinks to $18.2 billion in Oct-Dec period
As a percentage of GDP, October-December current account deficit is 2.2 percent compared to 3.7 percent in July-September and 2.7 percent in October-December 2021
BUSINESS
Centre to borrow Rs 8.88 lakh crore via bonds in first half of 2023-24
The government does not plan to issue any Green Bonds in April-September, the finance ministry said
BUSINESS
States to have bigger role in pushing growth over 6.5%: CEA Nageswaran
The government's top economist said the Centre will have a role to play in key areas such as securing India's energy needs as the world moves to cleaner sources of energy
BUSINESS
G20: India gears up for trade, investment talks under shadow of Russia's war
The first meeting of the G20 Trade and Investment Working Group began today in India's financial capital, Mumbai. However, developments a continent away may again dominate talks
BUSINESS
Global economy 'speed limit' on track to hit 30-year low by 2030, says World Bank
The multilateral institution says nearly all forces that drove economic progress over the last 30 years are fading and the global economy's speed limit is on track to fall to a three-decade low by 2030
BUSINESS
Amid OPS row, Finance Secretary-led committee to examine pension issues of government staff
The setting up of the committee to look into the matter comes at a time when several states have made a move back to the Old Pension Scheme
BUSINESS
India's big infra bet – pushing hard on physical assets in pursuit of long-term growth
Investing in greater and better infrastructure has yielded some returns but the road ahead remains challenging
BUSINESS
No slowdown on cards, RBI hopes to see 7% economic growth, 'whatever the odds'
The central bank's staff see the possibility of the Indian economy growing by 7 percent again in 2023-24 - an astounding 60 basis points higher than the RBI's official forecast
BUSINESS
Sri Lanka gets $3-billion bailout from IMF
The IMF noted that the risks to implementation of the programme are "exceptionally high"
BUSINESS
Banks from UK, 17 other countries approved to open Vostro accounts for rupee trade
The information was given by Minister of State for Finance Bhagwat Karad in the Rajya Sabha on March 14
BUSINESS
Retail inflation cools off to 6.44% in Feb on softening food prices
Headline retail inflation had risen far more than expected to 6.52 percent in January on account of a tweak in the methodology following the provision of free foodgrain through the Public Distribution System
BUSINESS
CPI inflation seen only a tad lower at 6.4% in February; cereal issues may persist
The Ministry of Statistics and Programme Implementation will release retail inflation data for February 2023 at 5.30 pm on March 13
BUSINESS
Exclusive: How free PDS foodgrain and an old statistics manual caused havoc with CPI inflation
Economists were left confused when headline retail inflation rose far more than expected in January, with the cereals index of the Consumer Price Index seemingly exhibiting some discrepancy. As it turns out, the explanation is rather administrative
BUSINESS
In Charts: Job situation remains grim for Indian women
Government data shows female labour participation and unemployment rates are now much better than the pre-pandemic period. But these numbers hide some facts
BUSINESS
Economic advisor bats for PLI scheme, calls policymaking an entrepreneurial pursuit
The Production-Linked Incentive (PLI) scheme, which is the flagship program of the Centre, has faced criticism from certain sectors for its perceived failure to generate adequate employment opportunities.
BUSINESS
US' Antony Blinken meets Russia's Sergei Lavrov on G20 sidelines, urges stance reversal on nuclear treaty
The US Secretary of State said he called on his Russian counterpart to end the war and engage in talks, although Russian President Vladimir Putin has shown no interest in any engagement
BUSINESS
G20: Russia-Ukraine proves obstacle to joint statement as India issues Chair's Summary again
According to External Affairs Minister S Jaishankar, there was agreement on around 95 percent of issues among the G20 foreign ministers
